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��. ^� l� x� ,.'�� r .�� II� '� . ... Y r : 'E �L. I :.. T�i : SA May 11, 1998 To the Honorable Mayor, members of the Ciry Council, and the Citizens of the City of Roseville: Introductiou The Comprehensive Annual Financial Report of the City of Rosevilie, Minnesota, for the fiscal year ended December 31, 1997, is hereby submitted as mandated by state statutes. These statutes require that the Ciry of Roseville issue annually a report on its financial position and activity, and that this report be audited by an independeat firm of certified public accountants or the state auditor. Responsibility for both the accuracy of the data, and the completeness and faimess of the presentation, including all disclosures, rests with the management. To the best of our knowledge and belief, the enclosed data are accurate in all materiai respects and are reported in a manner that presents fairly the financial position and results of operations of the various funds, accounts groups, and component units of the City of Roseville. All disclosures necessary to enable the reader to gain an understanding of the City of Roseville's activities have been included. The report was prepared by the City's Finance Department, and consists of four sections: Section I is the introductory section which is unaudited and includes this letter of transmittal, an organizationai chart, and a list of the City of Rosevilte's principal elected and appointed officials. Section II is the financial section and includes the general purpose financial statements and the combining and individual fund and account group statements and schedules, as well as the independent auditor's report on these r7nancial statements and schedules. Section III is the statistical section which is unaudited. This section includes selec;ted tinancial and demographic information, generally presented on a multi-_year basis. Section IV contains the auditor repons on compliance and intemal controls. The financial reporting entity includes all the funds and account groups of the primary government (i.e. the City of Roseville as legally defined), as wel( as all of its component units. Component units are legaliy separate entities for which the primary govemment is financially accountable. The City provides a full range of services including police ar�d tlre protection; water and sanitation services; the construction and maintenance of highways, streets, and infrastructure; and parks and recreational activities. 1